FIC Money Laundering Report Exposes Kapyongo and Soko’s Multi-Million Dollar Fraud Involving Bartenders

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Laundering money is a serious offense that entails passing off the proceeds of illicit actions as lawful payments to conceal those acts. In recent years, there have been several high-profile incidents of money laundering, with the fire tenders fraud in Zambia being one of the most notable of these cases.

In this scheme, millions of dollars were fraudulently obtained through a shady procurement process, and the crooks who carried it out utilized various methods of money laundering to conceal their ill-gotten earnings. A report has been published by the Financial Intelligence Centre (FIC) in Zambia, which reveals the scope of the money laundering that was associated with the fire tenders scam, as well as how important government officials were implicated in the crime.

Con Artists Posing as Firetenders: Some History

The fire tenders scam was a dishonest procurement process that took place in Zambia in 2017. It took place in 2017. To strengthen Zambia’s capacity to put out fires, the nation’s government recently stated that it would be investing in the acquisition of 42 firetrucks. Several different businesses responded to the advertisement for the procurement tender by submitting bids. But as time went on, it became clear that the bidding process had been corrupted, and a firm known as Grandview International was given the contract although the price was inflated.

A public outcry was sparked in Zambia as a direct result of the fire tenders affair. Citizens demanded answers from the government regarding how such a clear act of corruption could have been allowed to take place. There have been multiple investigations begun, including ones by the Federal Investigative Committee (FIC) and the Anti-Corruption Commission (ACC).

Con Artists Posing as Firetenders: Some History

The Financial Intelligence Center (FIC) is the government institution in Zambia that is in charge of gathering, analyzing, and disseminating financial intelligence. The Financial Investigations Commission (FIC) is responsible for conducting investigations into allegations of money laundering as well as other types of financial crimes. The Federal Trade Commission (FIC) issued a report on the fire tenders scam in 2019, which described in detail how several millions of dollars were fraudulently obtained through various methods of money laundering.

According to the findings of the FIC investigation, two high-ranking members of the government were complicit in the act of money laundering. These officials are the Minister of Home Affairs, Stephen Kampyongo, and Chileshe Mulenga, the Permanent Secretary in the Ministry of Home Affairs. According to the investigation, both Kampyongo and Mulenga were given substantial quantities of money by Grandview International, the business that was successful in its bid for the contract to provide fire tenders. In actuality, the cash was a bribe to ensure that Grandview International was awarded the contract. But, the money was presented under the guise of payments for consultant services.

A senior police officer by the name of Bonny Kapeso was named in the FIC report as a participant in the money laundering conspiracy. Around the time of the fire tenders affair, Kapeso served as the Deputy Inspector General of Police. He was involved in the process of facilitating the illegal payments that were given to Kampyongo and Mulenga.

The report compiled by the FIC demonstrated how the money stolen from Grandview International had been cleaned by passing it via a series of bank accounts located in Zambia as well as overseas territories. Because the monies were transferred across multiple accounts, it is difficult to determine where they came from and where they are going. The research emphasized how important it is for Zambia to implement stringent anti-money laundering measures and for the government to take stricter action against corrupt officials.

The repercussions of the FIC Report

The FIC investigation on the fire tenders scam sparked a commotion in Zambia, with many people demanding that the government officials implicated in the study resign or be fired from their positions. Yet, despite the evidence that was presented in the report, very little action has been done against the people who committed the crime.

Chileshe Mulenga has been transferred to a different ministry, although Stephen Kampyongo will continue to serve as Minister of Home Affairs. Many people in Zambia believed that the promotion of Bonny Kapeso to the position of Inspector General of Police was a reward for his role in the fire tenders fraud. As a result, the promotion was met with criticism.

The difficulty of combating corruption in Zambia is highlighted by the fact that the perpetrators of the fire tenders fraud have not been held accountable for their actions. It is widely believed that a large number of government employees are involved in illegal or unethical behavior, which contributes to the widespread problem of corruption in the country.




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